Money Deposit
- High interest rates
- Insured by the NDIC
MoneyPak is a convenient way for friends and family members to reload deposit money eligible prepaid and bank debit cards. Just purchase a MoneyPak at a store near you and visit MoneyPak.com to reload a card. MoneyPak cannot be used to pay bills, fund online accounts, or add money to PayPal. If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transactions for banks and financial institutions are set by the Bank Secrecy Act, also known as the Currency and Foreign Transactions Reporting Act.
- Regulated by the CBN
- Simple, online process
JPay offers convenient & affordable correctional services, including money transfer, email, videos, tablets, music, education & parole and probation payments. JPay makes it easier to find an inmate, send money and email to any Department of Corrections or County Jail. How to Put Money in an Inmate’s Trust Account Sign In (or create an account) Once you have added your inmate, select the “+” icon next to their name to expand the page. Then, select the “MAKE DEPOSIT” button under “Trust Fund.”.
How it works
Start a Fixed Deposit
Choose how much you want to invest and for how long
Share some details
Share some information about yourself
Start Earning
Fund your fixed deposit and start earning more on your money
Frequently asked questions
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Introduction
This topic contains information on the earnest money deposit, including:
Sales Contract Deposit
The deposit on the sales contract (earnest money) for the purchase of the security property is an acceptable source of funds for both the down payment and the closing costs.
Verification of Source of Funds
Money Deposit Service
If the deposit is being used as part of the borrower’s minimum contribution requirement, the lender must verify that the funds are from an acceptable source. See B3-4.2-01, Verification of Deposits and Assets.
A Request for Verification of Deposit (Form 1006 or Form 1006(S)) must indicate that the average balance for the past two months was large enough to support the amount of the deposit.
Bank statements must evidence that the average balance for the past two months was large enough to support the amount of the deposit. If a copy of the canceled deposit check is used to document the source of funds, the bank statements must cover the period up to (and including) the date the check cleared the bank account.
If it cannot be determined that these funds were withdrawn from the borrower’s account, additional verification of the source and evidence that the funds have actually changed hands from the borrower to the seller, the realtor, the escrow agent, or the settlement attorney should be provided. Large earnest money deposits and deposits that exceed the amount customary for the area should be closely evaluated.
Documentation for Receipt of the Deposit
Deposit Money To Bank Account
Receipt of the deposit must be verified by either a copy of the borrower’s canceled check or a written statement from the holder of the deposit.